SPDR Portfolio Emerging Markets ETF (NYSEARCA:SPEM) Shares Sold by Northwestern Mutual Wealth Management Co.

Northwestern Mutual Wealth Management Co. cut its holdings in shares of SPDR Portfolio Emerging Markets ETF (NYSEARCA:SPEM) by 0.1% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 2,968,542 shares of the company’s stock after selling 1,560 shares during the period. Northwestern Mutual Wealth Management Co.’s holdings in SPDR Portfolio Emerging Markets ETF were worth $111,825,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds also recently added to or reduced their stakes in the business. Cetera Investment Advisers raised its stake in shares of SPDR Portfolio Emerging Markets ETF by 282.1% during the 1st quarter. Cetera Investment Advisers now owns 1,380,536 shares of the company’s stock valued at $49,962,000 after buying an additional 1,019,272 shares during the last quarter. Koss Olinger Consulting LLC purchased a new position in SPDR Portfolio Emerging Markets ETF during the second quarter valued at approximately $30,376,000. Jane Street Group LLC lifted its holdings in SPDR Portfolio Emerging Markets ETF by 44.4% in the first quarter. Jane Street Group LLC now owns 2,431,196 shares of the company’s stock valued at $87,985,000 after acquiring an additional 747,277 shares during the period. Raymond James Financial Services Advisors Inc. boosted its position in SPDR Portfolio Emerging Markets ETF by 83.8% in the 2nd quarter. Raymond James Financial Services Advisors Inc. now owns 1,579,201 shares of the company’s stock worth $59,488,000 after purchasing an additional 719,833 shares in the last quarter. Finally, Creative Planning boosted its position in SPDR Portfolio Emerging Markets ETF by 2.0% in the 4th quarter. Creative Planning now owns 25,451,348 shares of the company’s stock worth $901,232,000 after purchasing an additional 504,808 shares in the last quarter.

SPDR Portfolio Emerging Markets ETF Price Performance

NYSEARCA:SPEM opened at $41.66 on Friday. The company has a 50 day moving average price of $38.25 and a 200-day moving average price of $37.63. SPDR Portfolio Emerging Markets ETF has a 1-year low of $32.06 and a 1-year high of $41.90. The firm has a market cap of $9.89 billion, a price-to-earnings ratio of 13.05 and a beta of 0.81.

About SPDR Portfolio Emerging Markets ETF

The SPDR Portfolio Emerging Markets ETF (SPEM) is an exchange-traded fund that is based on the S&P Emerging Markets BMI index. The fund tracks an index of emerging markets companies weighted by market cap. SPEM was launched on Mar 19, 2007 and is managed by State Street.